Arizona?s Real Estate Market ?08

October 19, 2010

Arizona’s economic outlook has received mixed reviews by leading economists. The consensus is that Arizona will likely experience decelerated growth throughout the first half of the year, with in all likelihood the economy will show signs of improvement towards the end of the year.

A positive close to 2008, will depend on the strength of Arizona’s housing market leading into the final quarter of the year. An important factor for judging the overall strength of the economy, in 2008, will rely heavily on the housing industry not experiencing any drastic changes or unforeseeable obstacles.

Marshall Vest, Economic and Business Research director for the University of Arizona stated, “It will be a number of months before economists can say for sure that Arizona’s economy is contracting, but recent trends in the data that we do have are ominous.”

There are many indicators which have Vest and many other economists concerned for Arizona’s start to 2008, which includes: employment and the introduction of the employer-sanctions law; automotive sales and retail sales in general; new home sales and inventories, resale home prices, and building permits; and employment growth in health, manufacturing, and mining sectors.

There is good news! Mainly the economic diversity and export-oriented industries, in Arizona, which are expected to experience continued growth. Arizona, in regards to taxation, is a very appealing state for entrepreneurs; so we can expect a continued influx of new businesses, including residents, and tourists.

What does this mean for Arizona’s real estate market?

Georganna Meyer, Chief economist for the Arizona Department of Revenue said, “I expect the real estate market and contracting to continue to have reduced activity in 2008, but recovery should begin in 2009. As a result, I expect state tax revenues will grow only slightly in 2008, if at all. Whether we’re in a recession or not, the results will be the same.”

In general, the declining number of construction permits will reduce builders’ inventories, helping to stabilize Arizona’s housing market and returning it to pre-boom growth patterns. Home values will also show a decline to start the year off, due to foreclosure and restrictive lending practices, which will make Arizona more appealing to new residents. The local job market and entrepreneurial appeal will likely contribute to Arizona’s predicted rebound late 2008.

Information Source:

Beard, B. (2007). The Arizona Republic, Arizona’s economic challenge for 2008.

Top 5 Real Estate Markets For Price Increases And Decreases

September 20, 2010

In its 4th quarter report of 2006, the real estate information site estimates the home value trends for the U.S. and 75 metropolitan areas. According to the data from http://Zillow.com, home values are now declining slightly on a year-over-year basis for the first time in a decade after years of appreciation.
Zillow’s home value data goes back to 1997 and reveals the depreciation of home value rates at 0.48 % year-over-year at the national level. The depreciation in home value every quarter is at 4.77 %. Zillow’s appreciation rate is based on the value of all homes in an area, including those that were sold.
Although there is a fall in the over-all home price growth, areas such as Seattle and Portland are experiencing a surge in home values at good appreciation rates. Besides national home values, the report also presents comprehensive data on local market price growth and decline in 75 metropolitan areas. The Zillow report gives detailed data on home value changes for counties, cities, neighborhoods and ZIP codes in U.S.A.
The top 5 metro areas with the highest price growth, year-over-year, are:
1. Lakeland-Winter Haven, Florida, with an appreciation rate of 25.88 %
2. Yuma, Arizona, with an appreciation rate of 25.66 %
3. Myrtle Beach, South Carolina, with an appreciation rate of 21.24 %
4. Flagstaff, Arizona, with an appreciation rate of 19.02 %
5. Ocala, Florida with an appreciation rate of 17.56 %
The 5 metropolitan areas that have the most declining home values, year-over-year, are:
1. Panama City, Florida, with a depreciation rate of 11.84 %
2. San Luis Obispo-Atascadero-Paso Robles, California, with a depreciation rate of 11.35 %
3. Punta Gorda, Florida, with a depreciation rate of 9.23 %
4. Sarasota-Bradenton, Florida, with a depreciation rate of 8.99 %
5. Greenville-Spartanburg-Anderson, South Carolina, with a depreciation rate of 8.73 %
The Zillow national report also includes the top five most expensive and least expensive metro areas measured by the Zindex home value indicator.
The top 5 metro areas that are most expensive are:
1. San Francisco-Oakland-San Jose, California at $684,459
2. Salinas, California at $654,503
3. Santa Barbara-Santa Maria-Lompoc, California at $627,323
4. Honolulu, Hawaii at $626,452
5. Los Angeles-Riverside-Orange County, California at $545,409
The top 5 metro areas that are the least expensive are:
1. Davenport-Moline-Rock Island, IA-IL at $86,201
2. Peoria-Pekin, Illinois at $91,984
3. Greenville-Spartanburg-Anderson, South Carolina at $96,508
4. Tulsa, Oklahoma at $97,186
5. Dayton-Springfield, Ohio at $103,729
Even within these markets, there are hot and cold housing segments of the community. Be sure to seek out the services of a local real estate agent, who can advise you about local market conditions that impact the price of homes, condos and other types of real estate.

Fly a Real Simulator

September 12, 2010


Thanks to the new Fly a Real Simulator program by SimWare Simulations, you can operate the controls of a real Airbus A320 or B737-3/4/500 flight simulator.

North Scottsdale Real Estate Communities

September 7, 2010

The views in North Scottsdale are breath taking, the golf courses never greener, and the weather never nicer. From an opinionated point of view, North Scottsdale is absolutely stunning. The McDowell Mountains shade the North Scottsdale Communities of DC Ranch, Silver Leaf, Troon, McCormick Ranch, McDowell Mountain Ranch, Grayhawk, Legend Trail, Ancala, Desert Mountain, Desert Ridge, and the Kierland area.

After showing so many clients so many homes in these communities, never has there been a complaint about the atmosphere. The McDowell Mountains provide ample hiking, scenery, golf, and restaurants with some of the most amazing views in the entire world.

At night time, the view of the city lights of Phoenix can be very overwhelming from again, an opinionated point of view. Every year at the TPC golf course in North Scottsdale the PGA Tour comes in to town. The Barrett Jackson car Auction rolls in to town every year also. Art shows galore, more shopping than one could hope for, and more restaurants than one could ever expect.

You can head two hours North to Flagstaff for some winter skiing, or head four hours south to Mexico for some summer beach activities. San Diego is about a six hour drive, and Las Vegas is about a six hour drive from North Scottsdale. However, You do not have to go far to gamble when living in Scottsdale. There are three casinos within a fifteen minute drive from North Scottsdale.

Some of these North Scottsdale communities of DC Ranch, Silver Leaf, Troon, McCormick Ranch, McDowell Mountain Ranch, Grayhawk, Legend Trail, Ancala, and Desert Mountain have some of the most amazing community centers. The community centers offer Olympic sized pools, work out rooms, activities for the kids, adult entertainment, recreation rooms, basketball courts, soccer fields, spas, and play grounds. If you can not have fun here, there may be something wrong with you. There is so much to choose from all year around.

Please visit the website below if you have been thinking about buying or selling a home in Arizona. If you need an aggressive, knowledgeable, educated, and experienced Realtor to represent your best interests when purchasing or selling a home, please visit the website below. The website below goes into great detail about Scottsdale Real Estate.

Know Arizona Better ?get the Best Out of Its Real Estate

August 26, 2010

The home of the Grand Canyon, one of the seven wonders of the natural world is truly as grand a place as this famous landmark. Unparalleled hospitality, breath-taking adventure spots and stunning sceneries are hallmarks of the state of Arizona.

Choice Group Realty, one of the premier real estate holdings in Arizona, has access to the best Arizona real estate listings to aid you in the search for your personal ‘promised land’ in this beautiful state.

Located in Phoenix, the largest state capital in the United States, Choice Group Realty has access to the Arizona MLS and the Phoenix MLS and provides real estate investors and first time home-buyers and sellers with help in everything to do with real estate, especially with regards to Phoenix real estate listings.

Arizona, one of the Four Corners states, is a land of scintillating contrasts and owes its diversity mainly to its remarkable climate. The Arizona sunsets are famed the world over, drawing the awe of tourists and the pride of its residents. Truly, it does not matter which region of Arizona you live in- Tucson, Glendale, Mesa, Flagstaff or Phoenix- the view is splendid from anywhere and everywhere.

The communities that populate this vibrant land are as diverse as the topography that makes Arizona stand out from the rest of the U.S. states. If you are looking for resident property in Arizona, you can take your pick from any property featured in the Arizona MLS. We have friendly neighborhoods as well as privately chalked out properties (if you prefer a little privacy). A lot of homes in the Phoenix MLS include sprawling modern estates as well as cozy homes for two.

Centered in the city of Phoenix, Choice Group Realty is your ticket to possessing pockets of prime real estate in a state that has seen more than its share of rowdy gunfights and yodeling cowboys. The pioneering Wild West spirit is still very much alive in the heart of Arizonian life and society. Charming dude ranches, authentic ghost towns, adventurous trail rides, historic museums, mining camps and shoot-out reenactments are your chance to experience Arizona at its wildest.

Choice Group Realty will get you the best deals on commercial and residential Arizona real estate listings and Phoenix real estate listings, no matter where you wish to settle in this amazing land.

The Prescott Arizona Real Estate Market

August 22, 2010

Prescott, Arizona has the prestige of being the first capital of Arizona. It was established back in 1863 in what was then the Arizona Territory. Though the current capital and largest city of Arizona is Phoenix, the Prescott, Arizona real estate market is still an attractive place in which to invest

Visitors with a taste for history may like to wander around the Prescott, Arizona because of the aging buildings that still stand and have made it to the National Register of Historic Places. In this Arizona real estate market alone, Prescott is home to 525 structures that are listed on the National Register. Aside from the fact that many examples of Victorian architecture still exist here, the Prescott, Arizona real estate market is still remarkable because it is said to be the Southwest City with the most Midwestern appearance.

The area around Prescott, known as the “Quad Cities,” consists of Prescott, Prescott Valley, Dewey and Chino Valley, AZ. This area is among the fastest growing areas in the state. This is largely due to the favorable climate in the area. It’s not nearly as hot as Phoenix and the rest of the central and southern part of the state. And you won’t experience the extreme winters as you’ll find up north in Flagstaff and Williams. It’s a very nice and comfortable medium.

Yavapai County is the second fastest growing county in Arizona. The City of Prescott is the largest urban area within the county. The city’s growth has been steady at about 4 per cent per year for the past decade and is expected to continue at that rate. More than 100,000 people reside in the Quad-City area.

With local primary employers like Yavapai County, ACE Distribution, Lockheed Martin, Wal-Mart, and Yavapai Regional Medical Center and the Prescott Unified School District, the Prescott area has established a solid industry base. It is a mild four-season climate and faces few natural disasters making it ideal for companies in the IT area.

If you are considering a move within the Prescott, Arizona real estate market, your kids will recieve a quality education, because Prescott is home to many fine educational institutions. For instance, the charter school Tri-City College Prep High School was placed under the “Excelling” category by the Department of Education. Certain schools in the Prescott Unified School District also garnered “Excelling” status, namely, Washington Traditional School, Taylor Hicks Elementary, Prescott High School, Granite Mountain Middle School, and Abia Judd Elementary. The Yavapai College has various campuses in Prescott and is a popular choice for college among many students because at least 9,000 students are enrolled here each semester per year.

A sampling of the national recognition Prescott receives …

•August 2006 Money Magazine calls Prescott one of the Top 5 towns in the article titled, “Best Places to Retire”.

•June 2006 MSN Real Estate names Prescott one of 8 places people want to live in the U.S. for its strong economy, colleges and low crime rate.

•May 2006 INC magazine, Prescott was identified in the list of 25 Hottest Small Cities with an employment base of less than 150,000.

•April 2006, Prescott was chosen as one of the Dozen Distinctive Destinations in the United States by the National Trust for Historic Preservation. Prescott was selected from 93 destinations in 39 states that were nominated for this award.

•March 2006 Bottom Line listed Prescott one of the 7 Great Places to Live.

•February 2006 Milken Institute gave Prescott an overall ranking of 3 in the 2005 Best Performing Cities.

•January 2006, Prescott was listed in True West magazine, as one of the top ten Western Towns.

•January 2006 The Business Journal. Prescott may be better known for its fragrant pines and historical Whiskey Row saloons, but it ranked an impressive 5th (population 100,000 – 500,000) on the survey conducted by the American City Business Journals, well ahead of Phoenix.

•July 2004 issue of Business Week lists Prescott the top 5 ‘Recreation Havens’ in the United States.

•2004 Boom Town USA: The 7 ½ Keys to Big Success in Small Towns” mentions Prescott as one of the top small cities in the country. Prescott was listed in The Golden Eagles, the crème de la crème, category of small towns in America.

•2004 Cities Ranked & Rated shows Prescott as #6 in the Emerging City category.

With its quality of life, blended with a near perfect four-season climate and small-town atmosphere, Prescott, AZ has become a highly desired place to live and work. Prescott residents enjoy the benefits of small town living, while taking advantage of many positive amenities of larger metropolitan areas. As a result, the area’s commercial real estate market continues to be strong, even in light of the slowdown in the US economy. Arizona Commercial Real Estate, located in Prescott, has a finger on the pulse of the Quad-City market.

Golf Real Estate in Arizona Offers Amazing Opportunities

August 11, 2010

Optimal weather, a resplendent natural habitat and a generous supply of different golf courses are likely the chief grounds by which the National Golf Foundation chose to award the Valley of the Sun as “Golf Capital of the World.” Still, Phoenix isn’t the only location in the state that can claim estimable golf facilities, as there are plenty of additional highly acclaimed golf communities sprinkled to the north and south. Potential home buyers who contemplate the variety of possibilities for acquiring real estate in an Arizona golf community are in for a pleasant surprise because there aren’t many other locations in the world that are equipped to offer so many benefits as the ones you will find in Arizona. In fact, due to the fantastic living conditions and novel features provided in these communities, it isn’t a prerequisite to have an interest in golf to fully enjoy the Arizona golf community lifestyle.

Most areas of Arizona enjoy a phenomenal amount of sunshine resulting in optimal weather to play a round on the course. As a resident of Southern Arizona, you can expect at least 300 days of sunny skies per year. So, if you really enjoy the game, you won’t have to experience winter down time that is typical in many other areas of the country. Depending on your tolerance for warm weather, you can choose a home in the Phoenix metropolitan area, Tucson, or the friendly retirement town of Green Valley. Further to the north, you can experience a greener lifestyle in Safford, Flagstaff or even Payson. Choose from golf communities nestled in the rocky foothills or forested mountains. Many golf course communities also feature water bodies, both man-made and natural depending on the area.

The heightened profile afforded by most Arizona golf course communities continually draws renowned golf architects to join in on the creation of beautiful new golf facilities in the same area. Throughout the varied communities of the state, you’ll find courses which have been designed by legendary golfers like Arnold Palmer, Jack Nicklaus, Gary Panks and Robert Trent Jones. Seasoned golfers can especially appreciate the ways in which designers take extra care to incorporate the natural beauty of a given area into the layout of the community golf courses. As a result, all of the members of the community benefit from breathtaking views that haven’t been tainted by artificial developments or drastically altered landscape.

Due to the immense accumulation of noteworthy golf communities in Arizona, there is no way to highlight them all in a brief overview of the area. With everything from modestly constructed amateur courses in affordable communities to private and prestigious communities that host annual PGA tours, there is something for everyone among Arizona golf communities. Try out the Ancala Country Club, Desert Highlands, Troon Country Club or Gainey Ranch in Scottsdale, FireRock in Fountain Hills, The Boulders in Carefree, Ocotillo Golf Club in Chandler, Talking Rock Golf Club in Prescott, Seven Canyons Golf Club in Sedona, Tatum Ranch Golf Club in Cave Creek or any of hundreds of more fine golf communities spread out across the state.

Find your next home in one of Arizona’s exciting golf communities:

Glendale Golf Homes on MLS

Gilbert, AZ Golf Homes for Sale

Arizona Equestrian Real Estate Appeals to Horse Owners

August 10, 2010

Due to the amount of time, money and energy that goes into running a prosperous equestrian operation, locating the ideal horse property is no small task. Luckily Arizona is a state that every horse lover can call home, offering resources to support any type of equine sport. However, before you and your horses can ride off into the sunset, you should figure out what type of equestrian real estate will suit your needs best. For example, the needs of a recreational trail rider will differ greatly from those of a competitive rodeo rider or a comprehensive training school. No matter what your objectives are, sufficient planning is a prerequisite for success.

 

Appropriate Arizona Equestrian Properties Found with Prudent Planning

 

Despite the great assortment of Arizona equestrian real estate for sale, not too often will home buyers stumble on a horse property that meets every need. The individual quality of owning horses suggests that most property buyers ought to expect to make at least minor renovations, on their new Arizona horse-friendly real estate. Have a distinct idea of not just what type of house you dream of, but how you visualize your finished property when you’ve added or altered your riding arenas, fencing, stables or barns. Since equestrians spend a lot of time outside or in stables and barns, keep these areas in mind when locating equestrian real estate. Contemplate both your finances and the amount of effort that is needed.

 

When you are ready to build or renovate a barn on your Arizona property, design carefully and go forward responsibly. Ensure that your horses are guarded from the arid desert heat and dusty winds by choosing building materials that reflect heat and render plenty of ventilation. If you are building outdoor arenas or riding rings on your new Arizona horse property, take advantage of any shady areas on your land. Water and electrical systems should be able to supply more than you think you will need. If you are new to Arizona, it is strongly suggested that you talk with neighboring homeowners, tack shops and veterinarians to gain a comprehensive understanding of what horses in your area might need to thrive. 

 

While access to the open range is a wonderful advantage to buying some Arizona equestrian homes, every horse owner knows the importance of keeping your horses secure when they are enjoying the great outdoors unattended. It is important to have fenced paddocks to accommodate your horses. It is recommended that horse owners refrain from installing barbed wire fences, which are not appropriate for such active and intelligent animals. Simply install fencing that will go along with your horse property’s overall appearance and purpose, and carefully contemplate your other outdoor facilities.

 

The Essence of the Old West Lives on in Arizona Equestrian Real Estate

 

With superb natural beauty and 300 sunny days annually, faultless riding conditions can be found almost any time, anywhere. The cities of Phoenix and Tucson as well as smaller communities on the outskirts such as Queen Creek equestrian properties feature a wide variety of equestrian homes. While the northern area of Arizona features mountain view homes in Prescott, Flagstaff and Sedona. Arizona horse-friendly real estate communities are found in every area of the state, which means you’ll always have access to horse facilities and services such as tack and feed shops, vets and boarding stables.

 

Have a look at Chandler equestrian real estate in the metro Phoenix area.

Arizona MLS Real Estate Listings

March 3, 2010

Kingman Arizona real estate listings: Ideal for hard-working families or couples who just want to enjoy the outdoors. The early history of Kingman saw a flood of gold miners in the 1860s, but today’s economy thrives on tourism, manufacturing, distribution and transportation. Industries like True Serve Hardware, Goodyear Tire and American Woodmark Corp have settled here. The favorable taxes, close proximity to other state markets and Santa Fe Railway all facilitate business. For those who’ve retired, there is much to see and do in Kingman, without feeling bombarded by city culture. According to the official Tourist site, “The roots of Arizona real estate listings are captured by the Historic Route 66 Museum, Army Airfield Museum, and the Mohave Museum of History and Arts that recount the travels on Route 66, depict the World War II era and the early days of railroading, mining and ranching.  At an elevation of around 3,300 feet Kingman offers a temperate climate year-round.” Additionally, half the land is owned by the US Forest Service and Bureau of Land Management, which preserves the natural surroundings – the Colorado River, Lake Mead, Lake Mohave (man-made), Lake Havasu (man-made) and the Hualapai Mountain Range. Water enthusiasts will enjoy the 1,000 miles of shoreline in the middle of the desert and those looking to “get their kicks on Route 66” will find the longest stretch of open historic road here. The Northwest Arizona MLS are conveniently close to the Hoover Dam, the Grand Canyon and a Multiple Resource Historic District.

Arizona MLS: Like the mythological bird, Phoenix the city rises from the desert ashes to be one of the largest, most thriving cities in America. Home buyers are drawn to the Arizona real estate listings in search of sunshine, world class resorts, award-winning golf courses and Southwestern charm. In fact, 11,000 new residents arrive to Arizona each month. Houses are dabbled with hints of Spanish-influenced architecture – rounded archways, red roof tiles, ranch layouts, stucco exteriors and vivid color schemes. While it may be surprising to imagine agriculture thriving in the desert, the more fertile areas can harvest cotton, dates, olives, citrus and subtropical fruits. Seen as a less expensive and equally scenic alternative to California, a number of Fortune 500 and Fortune 1000 high-tech companies set up their manufacturing, research and development bases here that includes computers, electronics and aerospace engineering. Home buyers looking the Arizona MLS for a cultural hub won’t be disappointed, given the number of museums, theaters, golf courses, horse races and professional sports teams. Given the number of foreclosures and 15 straight months of falling prices, there are a number of outstanding deals to be had in Phoenix, Arizona real estate.

Flagstaff Real Estate, the Next Big City

February 24, 2010

Flagstaff, Arizona is an upcoming and vibrant city. Real estate here offers plenty of options for today’s home buyers. Homes coming up for sale offer the latest in upgrades, facilities and conveniences. Buying a home in Flagstaff is a good option because the value of property is going to rise within the next year, thereby yielding a good built up equity for owners.

The real estate market in Flagstaff is diverse and buyers have plenty of options on the type of properties available for sale. Buyers can choose between single-family homes, condominium units, cooperative home, move-in ready homes, custom built homes and much more. The price range on homes offered here is reasonable and with some careful searching a buyer is sure to find the perfect property they are looking for and, within the budget they have set aside to buy their new home.

Now-a-days what most buyers seeks in a new home is a home with plenty of upgrades. Here is a look at some common upgrade options buyers are seen to take.

• Hardwood flooring throughout the home or else just in the kitchen and foyer.

• Bathroom with the latest bathroom fixtures and fitting. A designer style bathroom at an affordable rate is what gets buyers interested.

• Gourmet kitchen with island layout and granite counter tops, tall kitchen cabinet, aesthetic fixtures and fittings are sought after.

• Homes with ceiling fan outlets.

• Door with door levers instead of door knobs which make way for easy opening of doors by disable people in the family.

• Stainless steel energy efficiency appliances are stylish and cut down the cost on the utility bills.

Before getting into a new home purchase, buyers should carefully consider the upgrade options provided by the home builder. They should compare rates and option provided by other builder as this helps them to figure out the best package for them. Upgrades should not be over expensive and buyers should read out all builder terms and condition. The reason for this is because there are builders who show lots of upgrade in a model tour of a home, but do not include any of these upgrades when the buyer purchases the home.

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